The Federal Bureau of Investigation (FBI) has unveiled its Internet Crime Report for 2024, highlighting a remarkable escalation in losses attributed to cybercrime, which now stand at approximately $16.6 billion. This staggering sum stems from a wealth of complaints received by the Internet Crime Complaint Center (IC3), which operates as…
Cybercriminals, including state-sponsored actors, aggressively capitalized on vulnerabilities in the past year, significantly amplifying the impact of ransomware attacks by targeting a broader range of victims and circumventing defenses with alarming efficiency. According to Verizon’s recently released 2025 Data Breach Investigations Report, the detection of ransomware in data breaches surged…
Over the last few years, law enforcement agencies worldwide have significantly advanced their efforts in combating ransomware attacks, a form of cybercrime that utilizes file-encrypting malware to extort money from individuals, businesses, and even governmental entities. This surge in proactive measures aims to mitigate the widespread disruption caused by these…
Numerous small and medium-sized businesses (SMBs) maintain a misguided belief that they are unlikely targets for cybercriminals, mistakenly assuming that their data and systems lack sufficient value to attract hackers. Generally, these enterprises cannot afford the substantial ransoms that interest cyber attackers. As a result, this line of thinking is…
Ransomware Assaults on Financial Institutions Spike, Highlighting Evolving Cyber Threats In a concerning trend, financial institutions worldwide reported an average loss of $6.08 million in 2024 due to ransomware attacks, marking a 10% increase from the previous year. This alarming data, released by security professionals at Hunt.io, sheds light on…
Live Webinar Announcement: Leveraging AI to Combat Ransomware Threats in the Cloud In the ever-evolving landscape of cybersecurity, businesses are increasingly recognizing the critical need to fortify their defenses against ransomware attacks. A new live webinar, titled "Harnessing AI Capabilities Against Ransomware: How to Maximize Threat Detection & Secure the…
Legends International, a prominent sports venue support company reported to generate approximately $1.7 billion in annual sales, has confirmed it was the victim of a cyberattack earlier this week. This incident has prompted the company to notify selected customers and employees via letters, indicating that sensitive information had been compromised.…
Immigration Surveillance and Cybersecurity Developments Amid Growing Concerns In a significant escalation of its immigration enforcement measures, the Trump administration’s Immigration and Customs Enforcement (ICE) agency has secured a $30 million contract with Palantir Technologies. This partnership aims to develop a sophisticated surveillance platform dubbed ImmigrationOS, designed to provide “near-real-time”…
Legends International, a prominent sports venue support company with reported sales of $1.7 billion, has recently notified customers and employees of a cyberattack targeting its IT systems. The company, based in the United States, communicated the breach in letters sent out earlier this week, revealing that sensitive personal information had…
